Data Wrap
Sun Capital's Indalex is sold out of bankruptcy to Sapa AB, plus other deals from the past 24 hours.
June 18, 2009
Target -- Acquirer -- Description
Ameribras Energy -Oklahoma -- AmeriResource Technologies Inc.
AmeriResource Technologies Inc. acquired Ameribras Energy - Oklahoma, an investment holding company.
BasePoint Analytics LLC -- First American CoreLogic Inc.
First American CoreLogic Inc., a joint venture between First American Corp. and Experian Corp., a unit of Experian Finance PLC, acquired BasePoint Analytics LLC, a Carlsbad-based developer of predictive analytic fraud and risk management software.
Cannella Response TV Inc. -- Veronis Suhler Stevenson
Veronis Suhler Stevenson Partners LLC acquired an undisclosed minority stake in Cannella Response Television Inc., a Burlington-based provider of infomercial marketing services.
CardinalPointe-Certain Assets -- eFridge LLC
eFridge LLC, a unit of eRoomSystem Technologies Inc. agreed to acquire the certain assets of CardinalPointe Capital Group LLC, a Bridgepoint-based manufacturer and wholesaler of computerized minibars lodging properties.
Church's Chicken -- Friedman Fleischer & Lowe LLC
Friedman Fleischer & Lowe LLC definitively agreed to acquire Church's Chicken, an Atlanta-based owner and operator of fast food restaurants, from Arcapita Inc., a unit of Arcapita Bank BSC, in a leveraged buyout transaction. Terms were not disclosed.
Culcom LLC -- Omnicity Corp.
Omnicity Corp. acquired Culcom LLC, a Culver-based provider of broadband services.
eQuilibrium Solutions Inc. -- EnerNOC Inc.
EnerNOC Inc. acquired eQuilibrium Solutions Inc., a Boston-based developer of enterprise carbon management and energy efficient software.
Gold Resource Partners LLC -- Minatura Gold
Minatura Gold definitively agreed to merge with Gold Resource Partners LLC, a gold mining company.
Greater Atlantic Financial Corp. -- MidAtlantic Bancorp Inc., VA
MidAtlantic Bancorp Inc., Reston, Virginia, definitively agreed to acquire the entire share capital of Greater Atlantic Financial Corp., a Reston- based savings and loan holding company, for $0.1 in cash per share, or a total value of $0.302 mil.
Indalex Aluminum Solutions -- Sapa AB
Sapa AB, a unit of Orkla ASA, agreed to acquire bankrupt Indalex Aluminum Solutions, a Bannockburn- based manufacturer of soft alloy extrusions, from Indalex Holding Corp., a unit of Sun Capital Partners Inc. The transaction was to include 10 aluminum plants in Canada and US.
IBC Automotive Products Inc. -- Investor Group
An investor group, comprised of Mr. Philip Widman and Ms. Ruth Kirshner, agreed to acquire the entire share capital of IBC Automotive Products Inc., an Orange County-based manufacturer of motor vehicles parts, from Usunco Automotive Ltd., a unit of Equicap Inc., in a leveraged buyout transaction.
LA Juice Co. -- City Capital Corp.
City Capital Corp. (City) acquired LA Juice Co, an Overland Park-based owner and operator of restaurants. Concurrently, CA acquired an undisclosed smoothie restaurant.
Eli Lilly & Co. (Capastat rights) -- Akorn Inc.
Akorn Inc. agreed to acquire the Capastat Sulfate US and Canada rights of Eli Lilly & Co, an Indianapolis- based manufacturer and wholesaler of pharmaceuticals.
Neuromed Pharmaceutical (Exalgo rights) -- Covidien PLC
Covidien PLC acquired the US rights to experimental Opioid Pain Drug called Exalgo from Neuromed Pharmaceutical Inc., a Dublin, Ireland-based manufacturer and wholesaler of healthcare products. Terms were not disclosed.
Nitro Group LLC -- Sapient Corp.
Sapient Corp. planned to acquire Nitro Group LLC, a New York-based provider of advertisings services. Terms were not disclosed but, according to sources close to the situation, the deal was valued at an estimated $50 mil in cash and stock.
Schuylkill Open MRI Inc. -- Metiscan Inc.
Metiscan Inc. acquired Schuylkill Open MRI Inc., a Pottsville-based owner and operator of open MRI facilities.
Teranex Inc. -- Jupiter Systems
Jupiter Systems acquired the entire share capital of Teranex Inc., an Orlando-based manufacturer of digital imaging solutions, from Silicon Optix Inc., a unit of Integrated Device Technology Inc.
Undisclosed Aviation/Aerospace -- Quasar Aerospace Industries
Quasar Aerospace Industries Inc. agreed to acquire an undisclosed aviation/aerospace company, a provider of aviation/ aerospace services, for $32 mil.
Union Telecard Alliance LLC -- IDT Corp.
IDT Corp. agreed to acquire the remaining 49% stake in Union Telecard Alliance LLC, a Lake Success- based wholesaler of prepaid cards, and a joint venture between IDT and Gomez Family, which it did not already own, from Gomez, for $9.4 mil. The consideration was to consist of $6.9 mil and up to $2.5 mil in profit- related payments.
Assured Self Storage (Median and Sublett) -- Equity Based Services Inc.
Equity Based Services Inc. (EBS) acquired the Median branch of Assured Self Storage (Assured), a Dallas- based provider of storage and parking services, in a leverage buyout transaction. Concurrently, EBS acquired the Sublett branch of Assured.
Zygo Corp.(Certan assets) -- Nanometrics Inc.
Nanometrics Inc. acquired the semiconductor solutions business inventory and certain other assets of Zygo Corp., a Middlefield-based manufacturer and wholesaler of optical systems and components.
Macquarie DDR Trust (property portfolio) -- Benderson Development Co Inc.
Benderson Development Co Inc. agreed to acquire the property portfolio, located in New York, of Macquarie DDR Trust, a Sydney, Australia- based real estate investment trust, for $91 mil. The transaction was to include two adjoining assets in Clarence, a community shopping center in Utica, and a retail center in Lancaster.
Ocean Tomo LLC (Transactions Arm) -- ICAP PLC
ICAP PLC acquired the transactions division of Ocean Tomo LLC, a Chicago- based provider of appraisal services, for $10 mil.
Prospectus Central LLC -- RR Donnelley & Sons Co.
RR Donnelley & Sons Co acquired Prospectus Central LLC, a Fitzgerald-based developer of software.
SnapTell Inc. -- A9.com Inc.
A9.com Inc., a unit of Amazon.com Inc., acquired SnapTell Inc., a Palo Alto- based developer of software. Terms were not disclosed.
Eddie Bauer Holdings Inc. -- Seeking Buyer
In June 2009, Bankrupt Eddie Bauer Holdings Inc., a Redmond-based manufacturer and retailer of sports and outerwear, announced that it was seeking a buyer for the company. CCMP Capital Advisor was named potential bidder.
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